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5) That the annual budget of the City of Ramsey for the fiscal year beginning January 1, 2020 <br />is hereby adopted for the Storm Water Utility Fund as follows: <br /> <br />STORM WATER UTILITY FUND <br /> <br /> Revenues: <br /> Operating Revenues $1,133,100 <br /> Other Revenues- <br /> Interest Earnings 15,000 <br />Total Revenues$1,148,100 <br /> <br /> <br /> Expenses: <br /> Operating Expenses $ 364,560 <br /> Other Expenses <br /> Depreciation 344,793 <br /> Administrative Transfer 34,000 <br />Total Expenses$ 743,353 <br /> <br /> <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Heinrich, and upon vote being taken thereon, the following voted in favor thereof: <br /> <br /> Mayor LeTourneau <br /> Councilmember Menth <br /> Councilmember Heinrich <br /> Councilmember Kuzma <br /> Councilmember Musgrove <br /> Councilmember Riley <br /> Councilmember Specht <br /> <br />and the following voted against the same: <br /> <br /> None <br /> <br />and the following abstained: <br /> <br /> None <br /> <br />and the following were absent: <br /> <br /> None <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Resolution #20-014 <br />Page 3 of 4 <br /> <br />